Adani Enterprises will exit its joint venture with Wilmar International in a $2 billion deal. They plan to sell a 44% stake in Adani Wilmar Ltd. Part of the funds will be used to invest in green energy, airports, and roads. The deal will make Adani Wilmar a subsidiary of Wilmar.
Market expects one more rate cut as inflation stays benign
Indian economists and bond market experts expect another quarter percentage point cut in policy rates. This follows the Reserve Bank of India’s recent rate reduction